Examining the Role of Disruptive Innovation in Renewable Energy Businesses from a Cross National Perspective

Hokey Min and Yohannes Haile
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Hokey Min: Maurer Center 312, Department of Management, Schmidthorst College of Business, Bowling Green State University, Bowling Green, OH 43403, USA 2 281 Burke Center, Sam and Irene Black School of Business & School of Engineering, Penn State-The Behrend College, Erie, PA 16563, USA
Yohannes Haile: 281 Burke Center, Sam and Irene Black School of Business & School of Engineering, Penn State-The Behrend College, Erie, PA 16563, USA

Energies, 2021, vol. 14, issue 15, 1-19

Abstract: With a growing demand for safe, clean, and affordable energy, countries across the world are now seeking to create and rapidly develop renewable energy (RE) businesses. The success of these businesses often hinges on their ability to translate RE into sustainable value for energy consumers and the multiple stakeholders in the energy industry. Such value includes low production costs due to an abundance of natural resources (e.g., wind, water, sunlight), and public health benefits from reduced environmental pollution. Despite the potential for value creation, many RE businesses have struggled to create affordable energy as abundant as that which is produced by traditional fossil fuels. The rationale being that traditional RE sources emanating from natural resources tend to rely on unpredictable weather conditions. Therefore, to help RE businesses deliver sustainable value, we should leverage disruptive innovation that is less dependent on natural resources. This paper is one of the first attempts to assess the impact of disruptive innovation on RE business performances based on the survey data obtained from multiple countries representing both emerging and developed economies.

Keywords: renewable energy; cross cultural study; structural equation model; disruptive innovation; sustainability; moderated mediation analysis (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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